Retail Investors

The latest in our Private Markets 2030 series examines the challenges to raising non-institutional capital. Plus: Why secondaries returns are under greater pressure than ever before. Here's today's brief, for our valued subscribers only.

There is now proof of concept that institutional and retail products can successfully be managed side by side, say Davis Polk’s Andrew Ahern, Oran Ebel, Christopher Healey and Leor Landa.

Further technology advances are required to truly unlock the potential of the private wealth market.

With the retailisation of alternatives set to transform the industry, building brand awareness with individual investors has become a priority for managers.

Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It's an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.

Financial advisers must decide what’s best for their clients, rather than choosing between public markets and so-called alternatives, according to the asset manager's chief executive.

The unit will sit within the firm's $280bn private wealth business and will focus on broadening retirement savers’ access to private markets.

The growing popularity of semi-liquid funds has left investors with concerns around potential conflicts with closed-end funds.